Trading News Events

Trading the News: U.S. Gross Domestic Product (GDP)

An upward revision in the preliminary 1Q Gross Domestic Product (GDP) report may trigger near-term selloff in EUR/USD as signs of a stronger recovery provide the Federal Open Market Committee (FOMC) with greater scope to implement higher borrowing-costs.

What’s Expected:

Why Is This Event Important:

With the U.S. economy approaching ‘full-employment,’ a faster rate of growth may encourage a greater number of Fed officials to vote for a rate-hike at the next quarterly meeting in June as the central bank sees a sustainable recovery over the policy horizon.

How To Trade This Event Risk

Bullish USD Trade: 1Q GDP Climbs Annualized 0.9% or Greater

• Need red, five-minute candle following the report to consider a short EUR/USD position.
• If market reaction favors a bullish dollar trade, sell EUR/USD with two separate position.
• Set stop at the near-by swing high/reasonable distance from cost; at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is met, set reasonable limit.

Bearish USD Trade: Growth Report Falls Short of Market Forecast

• Need green, five-minute candle to favor a long EUR/USD trade.
• Implement same strategy as the bullish dollar trade, just in reverse.

EURUSD H1
The price is located below 200 SMA for the bearish market condition - price is on ranging around 100 SMA waiting for direction of the trend:

• for the ranging bearish in case the price will be inside 100 SMA/200 SMA area, and
• for the primary bearish trend to be continuing in case the price will be located below 100 SMA/200 SMA area.

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Trading the News: European Central Bank (ECB) Interest Rate Decision

The European Central Bank (ECB) interest rate decision may fail to generate a meaningful market reaction as the Governing Council is widely anticipated to retain the zero-interest rate policy (ZIRP) in June, but the fresh batch of central bank rhetoric may drag on EUR/USD should President Mario Draghi and Co. keep the door open to implement more non-standard measures.

What’s Expected:

Why Is This Event Important:

The Euro may struggle to hold its ground should the ECB show a greater willingness to further embark on its easing cycle, but the single-currency may catch a bid if the Governing Council largely endorses a wait-and-see approach all the while the monetary union returns to its historical role as a net-creditor to the rest of the world.

How To Trade This Event Risk

Bearish EUR Trade: ECB Shows Greater Willingness to Deploy More Easing

• Need red, five-minute candle following the policy statement to consider a short EUR/USD trade.
• If market reaction favors a bearish Euro trade, sell EUR/USD with two separate position.
• Set stop at the near-by swing high/reasonable distance from cost; need at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is met, set reasonable limit.

Bullish EUR Trade: Governing Council Endorses Wait-and-See Approach

• Need green, five-minute candle to favor a long EUR/USD trade.
• Implement same strategy as the bearish euro trade, just in the opposite direction.

Potential Price Targets For The Release
EUR/USD Daily

• The bullish trend from December may reassert itself over the coming days as EUR/USD breaks out of the downward trend from May and appears to be carving a near-term bottom around 1.1090 (50% retracement) to 1.1110, while the Relative Strength Index (RSI) shows a similar dynamic, with the oscillator largely breaking out of the bearish formation.
• Key Resistance: 1.1760 (61.8% retracement) to 1.1810 (38.2% retracement)
• Key Support: Interim Support: 1.0380 (78.6% expansion) to 1.0410 (61.8% expansion)

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Trading the News: U.S. Non-Farm Payrolls

A 160K expansion in U.S. Non-Farm Payrolls (NFP) paired with a downtick in the jobless rate may boost the appeal of the greenback and spur a larger pullback in EUR/USD as it fuels expectations for an imminent Fed rate-hike.

What’s Expected:

Why Is This Event Important:

The Federal Open Market Committee (FOMC) may implement higher borrowing-costs over the coming months especially as the U.S. economy approaches ‘full-employment,’ but signs of stagnant wage growth may encourage the central bank to further delay its normalization cycle as officials warn ‘survey-based measures of longer-run inflation expectations were little changed, on balance, in recent months, while market-based measures of inflation compensation were still low.’

How To Trade This Event Risk

Bullish USD Trade: NFP Expands 160K+, Unemployment Rate Narrows

• Need red, five-minute candle following the NFP print to consider a short trade on EUR/USD.
• If market reaction favors a bullish dollar trade, sell EUR/USD with two separate position.
• Set stop at the near-by swing high/reasonable distance from entry; look for at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is hit; set reasonable limit.

Bearish USD Trade: U.S Employment Report Fails to Meet Market Expectations

• Need green, five-minute candle to favor a long EUR/USD trade.
• Implement same setup as the bullish dollar trade, just in the opposite direction.

Potential Price Targets For The Release[/U]
[U]EURUSD Daily

• Even though EUR/USD remains stuck in a narrow range, the longer-term upward trend may reassert itself over the coming days as price & the Relative Strength Index (RSI) fail to preserve the bearish formation from early May.
• Key Resistance: 1.1760 (61.8% retracement) to 1.1810 (38.2% retracement)
• Key Support: Interim Support: 1.0380 (78.6% expansion) to 1.0410 (61.8% expansion)

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Trading the News: Reserve Bank of New Zealand (RBNZ) Interest Rate Decision

According to a Bloomberg News survey, 10 of the 17 economists polled anticipate the Reserve Bank of New Zealand (RBNZ) to retain its current policy in June, but more of the same from Governor Graeme Wheeler and Co. may encourage a further recovery in NZD/USD should the central bank largely endorse a wait-and-see approach for monetary policy.

What’s Expected:

Why Is This Event Important:

Even though the RBNZ keeps the door open to further support the real economy, a less-dovish policy statement may boost the appeal of the New Zealand dollar as market participants scale back speculation for lower borrowing-costs.

How To TradeThis Event Risk

Bullish NZD Trade: Governor Wheeler Pledges to Ease Policy Further

• Need green, five-minute candle following the rate decision to consider a long NZD/USD position.
• If market reaction favors a bullish kiwi trade, buy NZD/USD with two separate position.
• Set stop at the near-by swing low/reasonable distance from cost; at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is met, set reasonable limit.

Bearish NZD Trade: RBNZ Adopts More Balanced Tone

• Need red, five-minute candle to favor a short NZD/USD trade.
• Implement same strategy as the bullish New Zealand dollar trade, just in reverse.

Potential Price Targets For The Release
NZD/USD Daily

• NZD/USD appears to have carved a higher-low at the end of May as the Relative Strength Index (RSI) breaks out of the bearish formation from April, with the pair at risk of making another run at the April high (0.7053) should the RBNZ soften its dovish outlook for monetary policy.
• Interim Resistance: 0.7050 (78.6% retracement) to 0.7070 (23.6% expansion)
• Interim Support: 0.6570 (100% expansion) to 0.6590 (38.2% retracement)

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Trading the News: Canada Net-Change in Employment

Despite forecasts for an uptick in the jobless rate, a 1.8K rebound in Canada Employment may heighten the appeal of the loonie and spur a near-term decline in USD/CAD as the data highlights an improved outlook for growth and inflation.

What’s Expected:

Why Is This Event Important:

Even though the Bank of Canada (BoC) retains a cautious outlook for the real economy, Governor Stephen Poloz and Co. may stick to the sidelines throughout 2016 and show a greater willingness to gradually move away from its easing cycle especially as Prime Minister Justin Trudeau implements fiscal support to encourage a stronger recovery.

How To Trade This Event Risk

Bullish CAD Trade: Job Growth & Unemployment Rate Beat Market Expectations

• Need to see red, five-minute candle following the release to consider a short trade on USD/CAD.
• If market reaction favors a bullish loonie trade, sell USD/CAD with two separate position.
• Set stop at the near-by swing high/reasonable distance from entry; look for at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is hit; set reasonable limit.

Bearish CAD Trade: Canada Employment Report Disappoints

• Need green, five-minute candle to favor a long USD/CAD trade.
• Implement same setup as the bullish Canadian dollar trade, just in reverse.

Potential Price Targets For The Release
USD/CAD Daily

• USD/CAD may face a near-term recovery as it comes up against channel support, with the Fibonacci overlap around 1.2620 (78.6% retracement) to 1.2650 (50% retracement) offering soft support, but the bearish formation may continue to take shape over the days ahead especially as the Relative Strength Index (RSI) preserves the downward trend carried over from earlier this year.
• Key Resistance: 1.3560 (100% expansion) to 1.3630 (38.2% retracement)
• Key Support: 1.2510 (78.6% retracement) to 1.2520 (38.2% expansion)

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Trading the News: U.K. Consumer Price Index (CPI)

A pickup in the headline & core U.K. Consumer Price Index (CPI) may spark a near-term rebound in GBP/USD as it puts pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later.

What’s Expected:

Why Is This Event Important:

Even though the economic outlook remains clouded by the U.K. Referendum on June 23, signs of heightening price pressures may encourage the BoE to adopt a more hawkish tone for monetary policy as Governor Mark Carney and Co. see a risk of overshooting the 2% inflation-target over the policy horizon.

How To Trade This Event Risk

Bullish GBP Trade: U.K. Headline & Core Inflation Pick Up in May

• Need green, five-minute candle following the print to consider a long GBP/USD trade.
• If market reaction favors buying sterling, long GBP/USD with two separate position.
• Set stop at the near-by swing low/reasonable distance from entry; look for at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is hit, set reasonable limit.

Bearish GBP Trade: CPI Report Falls Short of Market Forecast

• Need red, five-minute candle to favor a short GBP/USD trade.
• Implement same setup as the bullish British Pound trade, just in reverse.

Potential Price Targets For The Release
GBPUSD Daily

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Trading the News: Federal Open Market Committee Interest Rate Decision

Even though the Federal Open Market Committee (FOMC) is widely anticipated to preserve its current policy in June, the updated economic projections coming out of the central bank may drag on the greenback and spark a near-term rebound in EUR/USD should Chair Janet and Co. curb their outlook for growth and inflation.

What’s Expected:

Why Is This Event Important:

Moreover, a downward revision in the Fed’s interest-rate dot plot may produce near-term headwinds for the greenback as market participants push out bets for the next Fed rate-hike, and we may see another 9 to 1 split within the committee as the majority appears to be in no rush to further normalize monetary policy.

How To Trade This Event Risk
Bearish USD Trade: FOMC Cuts Economic Projection, Rate Dot-Plot Narrows

• Need green, five-minute candle following the rate decision to consider a long EUR/USD position.
• If market reaction favors a bearish dollar trade, buy EUR/USD with two separate position.
• Set stop at the near-by swing low/reasonable distance from cost; at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is met, set reasonable limit.

Bullish USD Trade: Fed Highlights Larger Dissent, Stays on Course to Normalize Policy

• Need red, five-minute candle to favor a short EUR/USD trade.
• Implement same strategy as the bearish dollar trade, just in the opposite direction.

Potential Price Targets For The Release
EURUSD Daily

• The long-term outlook for EUR/USD remains tilted to the downside amid the diverging paths for monetary policy, but the pair may continue to retrace the decline from 2015 as the bullish trend carried over from back in November continues to take shape.
• Key Resistance: 1.1760 (61.8% retracement) to 1.1810 (38.2% retracement)
• Key Support: Interim Support: 1.0380 (78.6% expansion) to 1.0410 (61.8% expansion)

As expected, the Federal Open Market Committee (FOMC) once again voted 9 to 1 to retain the current policy in April, with Kansas City Fed President Esther George dissenting against the majority for a 25bp rate-hike. The FOMC continued to promote a wait-and-see approach as ‘market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months,’ and the central bank may look to buy more time as they wait for a ‘further improvement in labor market conditions and a return to 2 percent inflation.’ More of the same from the FOMC sparked a choppy market reaction, with EUR/USD pulling back from the 1.1350 zone to end the day at 1.1319.

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Trading the News: U.S. Consumer Price Index (CPI)

Even though the U.S. Consumer Price Index (CPI) is expected to hold steady at an annualized 1.1% in May, an uptick in the core rate of inflation may prop up the greenback and spark a near-term pullback in EUR/USD as it puts greater pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy sooner rather than later.

What’s Expected:

Why Is This Event Important:

Even though the FOMC votes unanimously to retain its current policy in June, heightening price pressures may push the central bank to implement higher borrowing-costs over the coming months as it runs the risk of overshooting the 2% inflation-target over the policy horizon.

How To Trade This Event Risk

Bullish USD Trade: Core Rate of Inflation Advances 2.2% or Greater

• Need green, five-minute candle following the print to consider a long position on EUR/USD.
• If market reaction favors a bearish dollar trade, buy EUR/USD with two separate position.
• Set stop at the near-by swing low/reasonable distance from entry; look for at least 1:1 risk-to-reward.
• Move stop to entry on remaining position once initial target is hit; set reasonable limit.

Bearish USD Trade: U.S. CPI Report Fails to Meet Market Expectations

• Need red, five-minute candle to favor a short EUR/USD trade.
• Implement same setup as the bearish dollar trade, just in reverse.

Potential Price Targets For The Release
EURUSD H4

The U.S. Consumer Price Index (CPI) increased an annualized 1.1% in April following the 0.9% expansion the month prior, while the core rate of inflation narrowed to 2.1% from 2.2% during the same period. A deeper look at the report showed transportation costs climbing another 0.7% on the back of higher energy prices, which was accompanied by a 0.2% rise in food costs, while prices for apparel slipped 0.3% in April. The U.S. dollar struggled to hold its ground following the slowdown in core inflation, with EUR/USD bouncing back from the 1.1300 handle to end the day at 1.1309.

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Hi,
how do I get the calendar in the terminal display, what should I do for it?
I mean like in the post on website:
just as with the member "The News"
Trading News Events

This is Metatrader 5 default feature (this is not a indicator, it is just MT5):

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You can look at this calendar indicator for example:

- DailyFX Economic Calendar indicator for new MT4 is on this post. Template for MT4 is on this post (premium section link). This is updated version for the new MT4 (build 600 and above).

You can see this indicator on the charts: